Here’s the latest rental activity and trends for the Phoenix Metro area for November 2023:
Closed Rental Units: 2,249 (2.88% increase year over year)
Median Lease Rate: $2,095 (0.48% increase year over year)
Average Lease Rate: $2,256 (1.31% decrease year over year)
Average Days on Market: 44 (18.92% increase year over year)
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